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Saturday, May 25, 2019 2:54:32 PM EDT

Industrial Production Updated 15-May-19 09:52AM ET

Industrial production declined 0.5% in April ( consensus +0.1%) following an upwardly revised 0.2% increase (from -0.1%) in March.

Total capacity utilization fell to 77.9% ( consensus 78.8%) from a downwardly revised 78.5% (from 78.8%) in March.

Manufacturing output declined 0.5% after being unchanged in March. The production of durable goods declined 1.0%, with losses of 2.0% or more for machinery; electrical equipment, appliances, and components; and motor vehicles and parts.

The manufacturing capacity utilization rate of 75.7% in April was 2.6 percentage points below its long-run average.

Utilities output declined 3.5% following a 2.2% increase in March, as warmer temperatures reduced heating demand.

Mining output increased 1.6% after declining 0.4% in March.

On a yr/yr basis, total industrial production was up 0.9% while total capacity utilization was 1.9 percentage points below its long-run average.

The key takeaway from the report is the understanding that it marked the fourth straight month in which there was no growth in manufacturing output.
Industrial Production
Total Index-0.5%0.2%-0.5%-0.4%0.0%
Capacity Utilization
Total Industry77.9%78.5%78.5%79.0%79.5%